OTHER NEWS - April 18, 1992
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From Times Staff and Wire Reports
Cincinnati Bank Rejects Big Merger: Cincinnati-based Star Banc Corp. has rejected cross-town rival Fifth Third Bancorp’s offer to buy it for as much as $1.2 billion. Fifth Third disclosed earlier that it had offered to pay $38 to $40 per share for Star Banc’s nearly 30 million shares in a stock swap, but said it was rebuffed. The deal would have created a banking company with almost $16 billion in assets. Fifth Third is the largest bank in Cincinnati; Banc Corp. is second largest.
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